Monday, February 6, 2023

Payara project 66% complete; start-up on track for 2024

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The Payara development, the third project in the ExxonMobil-operated Stabroek Block, is 66 percent complete. This is according to Hess Corporation’s Chief Operating Officer (COO), Greg Hill.

During the company’s Q4 2021 earnings call, Hill said Subsea Umbilicals, Risers and Flowlines (SURF) activities are progressing ahead of plan while adding that the partners, ExxonMobil and CNOOC, are preparing for a 2022 installation campaign. Hill said the hull for the Prosperity FPSO vessel is complete, and topside construction activities are ongoing in Singapore for planned production start-up offshore Guyana in 2024.

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The Payara development is located 200 kilometers offshore Guyana in 1,800 meters water depth. Ten drill centers are planned along with up to 41 wells, including 20 production and 21 injection wells.

The project will utilize onshore infrastructure which includes shorebases, warehouses, storage and pipe yards, fabrication facilities, fuel supply facilities, and waste management facilities in Guyana.

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The US$9 billion development will focus on an estimated resource base of about 600 million oil-equivalent barrels.

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